Natick Market Snapshot January 2020 vs. January 2019
Natick is considered to be the fastest growing town in the Boston Area. Just 10 miles from the center of the MetroWest region of Boston in Middlesex County, the town of some 35,000 people is an ideal location for families and individuals to live, work and enjoy the best of urban, suburban, cultural and recreational pursuits seamlessly.
The name of the town, Natick, comes from the language of a Massachusetts Native American tribe and means “the place of the hills.” Founded by a Puritan missionary from England, John Eliot, in 1652, Natick was incorporated in 1781. Today, Natick is known as the “Home of Champions” for it’s being the Mile 8 -12 leg of the Boston Marathon.
Surrounded by Wellesley, Weston, Wayland, Framington, Sherborn/Dover and Needham, Natick has a picture postcard look and feel of Main Street, USA on the Charles River. Rebuilt in 1874 due to fire, the town has broad streets, mostly brick buildings, mom-and-pop shops, a dedicated Cultural District Center and a tight-knit, diverse town that unites neighbors and local schools.
Natick High School, an $80M facility that opened in 2012, has won multiple awards for being one of the most technically advanced schools in the country. Kennedy Middle and Wilson Middle Schools serve grades 7-9. Brown, Lilja, Memorial, Bennett-Hemenway and Johnson Elementary Schools round out the public school district. The nationally renowned Walnut Hill School for the Arts, Riverbend Montessori, the Tobin School and the Brandon School and Residential Treatment Center are Natick’s private educational opportunities. All told, Natick’s schools earn an Overall Niche Grade of “A.”
As a place to live, Natick ranks:
#11 of 171 – best suburbs for MA millennial demographic
#17 of 372 – best places to live in MA
#17 of 171 – best suburbs to live in MA
Currently, the median home value in Natick is $541,200. The median price of homes listed for sale is $505,400. Only 6.2% of homes listed had a price cut in 2017. Home values increased by 8.5% in 2017; a 3.6% increase is predicted in 2018.
Downtown Natick is viewed as the civic and cultural hub of the town. The Town Commons host infinite community events such as Natick Days, a large carnival and festival to support local, high school and adult groups, sports teams, scout packs and troops. The Morse Institute Library, The Center for the Arts (TCAN), the Natick Community and Senior Center, the libraries and the schools all offer year-round classes, events and activities for all ages. And the MBTA commuter rail at the North Center Station is central for all residents.
South and East Natick offer natural and cultural resources such as Jennings Pond, Lake Cochituate, the Memorial Beach at Dug Pond, the Belkin Family Lookout Farm established in 1651, the Natick Community Organic Farm, the MA Audubon’s Broadmoor Wildlife Sanctuary, the South Natick Dam, a town owned Sassamon Trace Golf Course, skating rink, and sports and tennis club and an Industrial Park.
Natick has five distinct neighborhoods:
Sherwood – a WWII development in W. Natick with street names that correspond to the Robin Hood legend and colonial style homes
Walnut Hill – north of downtown with Victorian homes
Wethersfield – north of Rte. 9, popular with first-time buyers
Oak Street – south of Rte. 9, began as summer Cape Cod-style cottage homes surrounding Jennings Pond; 2 Industrial Parks
Little South – mostly built in 1950’s with modest, well-maintained homes and older, nicest homes built parallel to the Charles River.
Real Estate Market Stats
Home Size in Square Feet
|Zillow Home Value Index||$621,500||$248,900|
|Median Single Family Home Value||$648,300||$247,200|
|Median Condo Value||$346,900||$269,800|
|Median 2-Bedroom Home Value||$479,700||$184,800|
|Median 3-Bedroom Home Value||$607,000||$228,900|
|Median 4-Bedroom Home Value||$736,000||$348,000|
|Percent Homes Decreasing||98||2,071,216|
|Median List Price Per Sq Ft||$567||$298|
|Median Sale Price||$557,400||$250,000|
|Turnover (Sold Within Last Yr.)||98||2,071,216|
No data available.
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